2 Bed Flat, Single Let, Gateshead, NE8 4NQ, £65,000

Westbourne Avenue, Gateshead, Tyne and Wear, NE8 4NQ - 3 views - 2 months ago

Leasehold
Auction
BTL
ROI: 16%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£53K - £120K
Sold Prices/m²£795/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£79,285
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£597

Running Costs/mo

£343

Cashflow/mo

£254

Cashflow/yr

£3,054

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £53K to £120K, average is £79.5K. £795/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£79K04/210.02 mi229, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£103K10/200.02 mi291, Rectory Road, Gateshead, Tyne And Wear NE8 4RS2
£97K06/230.04 mi106, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NX2
£94K05/210.04 mi77, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RT2
£106K06/230.06 mi20, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RX2
£90K07/210.1 mi169, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR2
£65K12/200.11 mi82, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NG2
£83.3K07/230.11 mi17, Windsor Avenue, Gateshead, Tyne And Wear NE8 4NU2
£91.5K04/240.12 mi123, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NJ2
£62.5K05/210.12 mi52, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£55.5K02/210.12 mi30, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NP2
£80K04/230.12 mi93, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RU2
£88K07/230.13 mi35, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£96K11/210.13 mi223, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£101K09/230.13 mi183, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£85K11/210.13 mi163, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL2
£87K12/220.13 mi89, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NF2
£74.5K04/210.13 mi275, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NS2
£71.8K11/210.14 mi207, Whitehall Road, Gateshead, Tyne And Wear NE8 4PS2
£62K12/200.15 mi221, Rawling Road, Gateshead, Tyne And Wear NE8 4QU2
£104K01/230.15 mi231, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£114.8K08/230.15 mi28, Saltwell View, Gateshead, Tyne And Wear NE8 4NT2
£70K09/210.16 mi238, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£75K08/210.16 mi244, Whitehall Road, Gateshead, Tyne And Wear NE8 4PU2
£120K06/230.17 mi249, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NN2
£53K11/200.19 mi85, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LA2
£58.5K03/240.19 mi157, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£73K04/210.19 mi120, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£70K03/230.19 mi169, Rawling Road, Gateshead, Tyne And Wear NE8 4QT2
£95K08/230.2 mi26, Curzon Street, Gateshead, Tyne And Wear NE8 1YD2
£90K10/210.2 mi76, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£69K04/230.2 mi35, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£55K10/230.2 mi23, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£77K11/200.2 mi78, Faraday Grove, Gateshead, Tyne And Wear NE8 4UL2
£95K09/210.2 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£84K02/210.2 mi190, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£68K02/210.2 mi143, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£96K10/230.2 mi146, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£100K06/230.2 mi159, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£78K07/230.2 mi162, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£115K12/230.2 mi186, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX2
£71K09/230.21 mi97, Rectory Road, Gateshead, Tyne And Wear NE8 1XJ2
£84.5K02/230.22 mi17, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£61K10/200.22 mi83, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4JY2
£60K03/210.22 mi239, Whitehall Road, Gateshead, Tyne And Wear NE8 4PT2
£58.8K03/210.23 mi31, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£58.8K03/210.23 mi29, Hyde Park Street, Gateshead, Tyne And Wear NE8 4QB2
£64K01/230.26 mi15, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£62K03/240.26 mi45, Saltwell Street, Gateshead, Tyne And Wear NE8 4QX2
£112K05/230.28 mi131, Avenue Road, Gateshead, Tyne And Wear NE8 4JH2

Local Rents

53 rents from £590/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£82002/240.01 mi-2
£69503/250.02 mi-2
£95006/240.05 miFern Dene Road, Gateshead, NE82
£69507/240.06 miFern Dene Road, Gateshead, NE82
£67504/240.06 mi-2
£64010/240.06 mi-2
£75006/240.08 miBrighton Road, Gateshead, NE82
£75006/240.08 mi-2
£69512/240.08 mi-2
£65006/240.09 miRectory Road, Bensham, Gateshead, Tyne and Wear, NE8 4RQ2
£59007/230.09 mi-2
£75001/250.09 mi-2
£80009/240.09 mi-2
£80008/240.09 mi-2
£80006/240.09 miWestbourne Avenue, Gateshead, NE82
£62510/230.09 mi-2
£65007/240.09 miBrighton Road, Gateshead2
£85007/240.1 mi183 Rectory Road, Gateshead, Tyne And Wear, NE82
£67506/240.11 miWindsor Avenue, Gateshead2
£75004/240.11 mi-2
£75006/240.13 miEastbourne Avenue, Gateshead, NE82
£75002/250.13 mi-2
£65006/240.13 mi-2
£70006/240.13 miWestbourne Avenue, Gateshead2
£70001/250.14 mi-2
£65006/240.14 miWestbourne Avenue, Gateshead2
£65002/240.14 mi-2
£75012/240.14 mi-2
£1,85006/240.14 mi-2
£1,85006/240.14 mi-2
£1,85006/240.14 mi-2
£1,85012/240.14 mi-2
£1,85012/240.14 mi-2
£1,85012/240.14 mi-2
£1,85012/240.14 mi-2
£1,75003/250.14 mi-2
£69507/240.15 miEastbourne Avenue, Gateshead2
£65012/240.15 mi-2
£70006/240.15 mi-2
£72506/240.15 miSaltwell View, Gateshead, Tyne And Wear, NE82
£65007/240.16 miBrinkburn Avenue, Gateshead2
£69507/240.17 miWindsor Avenue, Gateshead2
£3,50003/250.18 mi-2
£65007/240.19 miRodsley Avenue, Gateshead2
£67505/240.2 mi-2
£67506/240.2 mi-2
£72507/240.2 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE82
£60011/240.2 mi-2
£70006/240.2 miBrinkburn Avenue, Saltwell2
£59507/230.2 mi-2
£67502/250.2 mi-2
£59506/240.21 miRayleigh Grove, Gateshead, NE82
£59503/240.21 mi-2

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.06 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £65,000

January 15, 2025

Description

  • Tenanted Investment +
  • 2 Bedrooms +
  • UPVC Double Glazing +

To be sold via online auction. Fees apply.

This two bedroom lower flat is a great investment opportunity, with a sitting tenant, situated close to local amenities, and with easy access to Low Fell, where there is a range of shopping, bars, restaurants and other facilities.
The location is also great for access to Newcastle, Gateshead and the Team Valley, with regular bus services. Commuting is also good with the A1 just a short drive away. Features include, UPVC double glazing and gas central heating.

The accommodation compromises of an entrance hall, bedroom one to the front, with bedroom two and the lounge to the rear, leading into the kitchen and bathroom. externally there is a private yard to the rear.

To view, please call our Low Fell branch on

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 963

Agent Details

Pattinson Estate Agents, Low Fell

0191 625 0999

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪